QLC vs. MCHI
Compare and contrast key facts about FlexShares US Quality Large Cap Index Fund (QLC) and iShares MSCI China ETF (MCHI).
QLC and MCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLC is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Large Cap Index. It was launched on Sep 24, 2015. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both QLC and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QLC vs. MCHI - Performance Comparison
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QLC vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLC FlexShares US Quality Large Cap Index Fund | -2.48% | 23.26% | 26.71% | 26.02% | -17.21% | 28.46% | 13.64% | 24.51% | -8.12% | 21.73% |
MCHI iShares MSCI China ETF | -6.78% | 31.04% | 17.73% | -11.94% | -23.01% | -21.74% | 27.78% | 23.72% | -19.79% | 54.67% |
Returns By Period
In the year-to-date period, QLC achieves a -2.48% return, which is significantly higher than MCHI's -6.78% return. Over the past 10 years, QLC has outperformed MCHI with an annualized return of 13.39%, while MCHI has yielded a comparatively lower 4.62% annualized return.
QLC
- 1D
- 0.87%
- 1M
- -3.84%
- YTD
- -2.48%
- 6M
- 1.47%
- 1Y
- 24.41%
- 3Y*
- 21.52%
- 5Y*
- 13.73%
- 10Y*
- 13.39%
MCHI
- 1D
- -0.32%
- 1M
- -4.29%
- YTD
- -6.78%
- 6M
- -14.44%
- 1Y
- 4.94%
- 3Y*
- 6.44%
- 5Y*
- -5.72%
- 10Y*
- 4.62%
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QLC vs. MCHI - Expense Ratio Comparison
QLC has a 0.32% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Return for Risk
QLC vs. MCHI — Risk / Return Rank
QLC
MCHI
QLC vs. MCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Large Cap Index Fund (QLC) and iShares MSCI China ETF (MCHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| QLC | MCHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.21 | +1.13 |
Sortino ratioReturn per unit of downside risk | 1.95 | 0.45 | +1.50 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.06 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.30 | +1.78 |
Martin ratioReturn relative to average drawdown | 9.76 | 0.79 | +8.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLC | MCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.21 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | -0.19 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.17 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.09 | +0.64 |
Correlation
The correlation between QLC and MCHI is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QLC vs. MCHI - Dividend Comparison
QLC's dividend yield for the trailing twelve months is around 1.00%, less than MCHI's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLC FlexShares US Quality Large Cap Index Fund | 1.00% | 0.94% | 1.03% | 1.26% | 1.46% | 0.96% | 1.40% | 1.91% | 1.82% | 1.29% | 1.80% | 0.64% |
MCHI iShares MSCI China ETF | 2.27% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Drawdowns
QLC vs. MCHI - Drawdown Comparison
The maximum QLC drawdown since its inception was -35.86%, smaller than the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for QLC and MCHI.
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Drawdown Indicators
| QLC | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.86% | -62.95% | +27.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -17.17% | +5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -57.18% | +33.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.86% | -62.95% | +27.09% |
Current DrawdownCurrent decline from peak | -5.40% | -36.43% | +31.03% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -24.40% | +19.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 6.63% | -4.08% |
Volatility
QLC vs. MCHI - Volatility Comparison
The current volatility for FlexShares US Quality Large Cap Index Fund (QLC) is 5.17%, while iShares MSCI China ETF (MCHI) has a volatility of 6.82%. This indicates that QLC experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLC | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 6.82% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 14.83% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 23.85% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 30.67% | -13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 27.39% | -9.00% |